1089 N 400w, Jasper, IN 47546

Property Description

Come see this impressive property on the edge of Jasper City limits! Surrounded by several large residential developments, this property sits in the desirable Jasper School District and offers incredible development potential. Once a legitimate working grain and livestock farm, this property has several outbuildings that have been re-purposed as storage units; netting the owners a nice income stream in their retirement. At nearly 15 acres and with 6+ acres to mow, this property offers an unusual amount of space and privacy compared to its neighbors. Built in 1959, the 3BD/2BA brick ranch with walkout basement has been wet kept and offers nearly 3000 Sq ft of finished living space. An impressive view from the screen-in side porch overlooks the small pond and expansive ag fields below. A canning kitchen in the walkout basement along with full bath, provides the opportunity to turn this home into a multi-unit rental, each with a dedicated entrance. If development is on your mind, we feel there could potentially be up to 6 additional homesites available on the property ranging from 3/4 acre to 2.5 acres. With area subdivision lots selling for $40K-$60K+/Ac, there is conservatively $500K in prime building lot acreage here. Jasper is one of the few communities in Southern Indiana that has seen consistent growth through the pandemic and shows no signs of slowing. In fact, just on the other side of the sub-division this property backs up to, there is another 300 unit residential development going in right now! Demand for this type of residential development acreage is at an all time high in this community. Whether your an individual or a contractor/builder; if you’ve been searching for a great investment property that has the potential to be an absolute home run, give us a shout today!